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Date:   1/22/2004                        COMPTROLLER OF PUBLIC ACCOUNTS - PROPERTY TAX DIVISION                         Page:      1
Time:     17:06                                      2003 Property Value Study                                          Rpt: VAL7000
                                                     Confidence Interval Detail
                                                        235-902-235 Victoria

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                                                              (1)                         (2)
  (1)                  (1)                        (1)       Stratum         (1)         Sample
Stratum              Category                 Local Value    Ratio      State Value      Size
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  1      A  - Single-family Residences        337,111,646     .7822     430,978,837       32
  2      A  - Single-family Residences        337,111,646     .8646     389,904,749       31
  3      A  - Single-family Residences        337,111,646     .8516     395,856,794       34
  4      A  - Single-family Residences        337,111,646     .9137     368,952,223       35
  5      D  - Rural Real                      128,973,140     .7797     165,413,800       40
  6      F  - Commercial Real                 104,656,033     .9511     110,036,834        7
  7      F  - Commercial Real                 104,788,286     .9921     105,622,705        7
  8      F  - Commercial Real                 107,697,847     .9507     113,282,683        7
  9      F  - Commercial Real                 101,702,388     .9687     104,988,529        5
 10      L  - Commercial Personal              61,533,924    1.0252      60,021,385        7
 11      L  - Commercial Personal              61,792,579     .9575      64,535,331        7
 12      L  - Commercial Personal              62,646,139     .9359      66,936,787        7
 13      L  - Commercial Personal              59,749,208     .9944      60,085,688        5

Random Totals:                              2,141,986,128             2,436,616,345      224
 Cat J Exception Values:                       88,825,559                89,553,694
 Cat D1 Exception Values:                      32,197,920                31,596,995
 Other Exception Values:                                0                         0
Exception Totals(3):                          121,023,479               121,150,689
Test Values(4):                             2,263,009,607             2,557,767,034

Margin of Error Percent:                                    5.0000000
Margin of Error Value:                                    127,888,352
Confidence Interval Values:
  Local Test Value:                                     2,263,009,607  (Outside of ConfidenceInterval Limits)
  State Lower Limit:                                    2,429,878,682  (State Test Value Minus Margin of Error Value)
  State Upper Limit:                                    2,685,655,386  (State Test Value Plus Margin of Error Value)
Value Assigned (5):                                     3,035,432,372  (See ISD Summary Worksheet)


Sources:

(1) See Stratified Ratio Detail Report VAL7214.
(2) Number of parcels sampled by staff.
(3) Exception value includes, if tested, D1, the J sample, and any parcels in A,B,C,D,F1,G or L1 marked as exception properties.
(4) Unstudied categories and sub-categories were not included in the test values.
(5) Includes local value of unstudied property categories and sub-categories.